Sri Lanka rupee quoted weaker, gilt yields fall
ECONOMYNEXT – Sri Lanka’s rupee was quoted weaker at 182.00/10 to the US dollar on Thursday, while bond yields eased and stocks opened 0.07 percent higher, brokers and dealers said.
Sri Lanka rupee closed 181.85/95 to the greenback on Wednesday.
In equities, Colombo’s All Share Price Index gained 3.81 points to 5,840.43, and the S&P SL20 of more liquid stocks up 0.02 percent or 0.63 points to 2,881.69, in the first hour of trade.
The market turnover was 47.6 million rupees with 37 stocks gaining and 22 falling.
Commercial Bank of Ceylon gained 1.00 rupee to 99.00 rupees a share, Distilleries Company of Sri Lanka was up 20 cents to 16.70 rupees a share and LOLC Holdings gained 1.90 rupees to 120.00 rupees a share, contributing to ASPI’s gain.
In the secondary market, yields eased in dull market trade, dealers said.
A bond maturing on 15.12.2021 was quoted at 8.63/70 percent on Thursday, down from 8.65/70 percent at Wednesday’s close.
A bond maturing 15.07.2023 was quoted at 9.55/60 percent, falling from 9.62/68 percent.
A bond maturing on 15.09.2024 was quoted at 9.95/00 percent, easing from 10.00/02 percent.
A 15-year bond maturing on 15.09.2034 was quoted at 10.65/70 percent, down from 10.67/70 percent. (Colombo/17Oct/2019)